689,375 Shares in BJ’s Wholesale Club Holdings, Inc. $BJ Bought by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC bought a new position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 689,375 shares of the company’s stock, valued at approximately $60,127,000. TimesSquare Capital Management LLC owned about 0.54% of BJ’s Wholesale Club at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of BJ’s Wholesale Club during the second quarter worth about $37,000. OneDigital Investment Advisors LLC purchased a new position in shares of BJ’s Wholesale Club in the 2nd quarter valued at approximately $1,692,000. Simplicity Wealth LLC acquired a new stake in BJ’s Wholesale Club in the 2nd quarter worth approximately $234,000. Global Retirement Partners LLC acquired a new stake in BJ’s Wholesale Club in the 2nd quarter worth approximately $391,000. Finally, Bank of New York Mellon Corp purchased a new stake in BJ’s Wholesale Club during the 2nd quarter worth approximately $179,649,000. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

BJ’s Wholesale Club Trading Up 1.1%

BJ’s Wholesale Club stock opened at $94.46 on Tuesday. The firm has a market cap of $12.06 billion, a PE ratio of 21.71, a P/E/G ratio of 3.48 and a beta of 0.21. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $83.21 and a 12 month high of $107.62. The stock’s 50 day simple moving average is $91.33 and its two-hundred day simple moving average is $93.74. The company has a current ratio of 0.73, a quick ratio of 0.18 and a debt-to-equity ratio of 0.19.

BJ’s Wholesale Club (NYSE:BJ) last posted its earnings results on Friday, May 22nd. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.06. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 26.67%. The firm had revenue of $5.66 billion during the quarter, compared to analyst estimates of $5.44 billion. During the same period in the previous year, the firm earned $1.14 EPS. The business’s quarterly revenue was up 9.9% on a year-over-year basis. BJ’s Wholesale Club has set its FY 2026 guidance at 4.400-4.600 EPS. Analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 4.52 earnings per share for the current year.

Insider Transactions at BJ’s Wholesale Club

In other news, CEO Robert W. Eddy sold 73,016 shares of the stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $100.02, for a total transaction of $7,303,060.32. Following the sale, the chief executive officer directly owned 282,330 shares of the company’s stock, valued at $28,238,646.60. This represents a 20.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Scott Schmadeke sold 16,500 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $92.17, for a total value of $1,520,805.00. Following the sale, the executive vice president owned 20,471 shares in the company, valued at $1,886,812.07. This trade represents a 44.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on BJ shares. Bank of America began coverage on shares of BJ’s Wholesale Club in a report on Wednesday, May 20th. They set a “neutral” rating and a $110.00 price objective on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of BJ’s Wholesale Club in a research report on Friday. Weiss Ratings restated a “hold (c)” rating on shares of BJ’s Wholesale Club in a research note on Wednesday, July 8th. Citigroup reduced their price target on shares of BJ’s Wholesale Club from $118.00 to $100.00 and set a “buy” rating for the company in a research report on Tuesday, May 26th. Finally, UBS Group restated a “buy” rating on shares of BJ’s Wholesale Club in a research report on Monday. Ten investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, BJ’s Wholesale Club presently has an average rating of “Hold” and a consensus price target of $105.93.

BJ’s Wholesale Club Profile

BJ’s Wholesale Club, headquartered in Westborough, Massachusetts, is a membership-based warehouse retailer offering a wide range of products and services primarily to small businesses and individual consumers. The company operates large-format clubs that provide value-priced groceries, health and beauty products, electronics, home goods, furniture, seasonal items and automotive supplies. In addition to its in-club offerings, BJ’s features fuel stations at many locations and operates an e-commerce platform for online ordering and home delivery.

Founded in 1984 as a division of Zayre Corp., BJ’s Wholesale Club quickly expanded throughout the Northeastern United States.